REG - Chaarat Gold Hlgs Ld - Senior Management Changes

Chaarat Gold HoldingsAnnouncement

15/06/2023 07:15

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RNS Number : 7677C  Chaarat Gold Holdings Ltd  15 June 2023

15 June 2023

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

 

Senior Management Changes

 

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine
in Armenia and assets at various stages of development in the Kyrgyz Republic,
is pleased to announce the appointment of David Mackenzie as Chief Financial
Officer of the Company with immediate effect.  David has been acting as the
interim Chief Financial Officer since 1 February 2022.

 

Chaarat also announces that Darin Cooper, Chief Operating Officer, will be
leaving the business shortly to pursue other opportunities.  Darin leaves
with the Board's appreciation and thanks for the role he has played in the
development of Chaarat over the last four years.

 

The Company confirms that it is commencing the search for a successor to Darin
and a further announcement will be made when a successor has been
identified.  In the meantime, the Company will continue to operate as usual
with the existing management team assuming Darin's responsibilities.

 

Mike Fraser, Chief Executive Officer of Chaarat said: "I would like to
congratulate David on his appointment.  I would also like to thank Darin for
his work and dedication to Chaarat over the past four years and the Board
wishes him well in his future endeavours."

 

 

- ends -

 

 Enquiries

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Mike Fraser (Chief Executive Officer)               info@chaarat.com (mailto:info@chaarat.com)

 Canaccord Genuity Limited (NOMAD and Joint Broker)  +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor
 James Asensio

 finnCap Limited (Joint Broker)                      +44 (0)20 7220 0500
 Christopher Raggett

 Panmure Gordon (UK) Limited (Joint Broker)          +44 (0)20 7886 2500
 John Prior

 Hugh Rich

 

 

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in
Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz
Republic. The Company has a clear strategy to build a leading emerging markets
gold company through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes to optimise the
value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities
from its high-quality gold and mineral deposits by building relationships
based on trust and operating to the best environmental, social and employment
standards. Further information is available at www.chaarat.com/
(http://www.chaarat.com/) .

 

Further information relating to the Chief Financial Officer

Mr David Alan Mackenzie (aged 40) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed under Rule
17 and paragraph (g) of Schedule 2 of the AIM Rules.

Current directorship

Chaarat Gold Services Limited

Previous directorship held in the last five years

Haast Consulting Limited

Shareholding in the Company:

None

 

 

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